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First Trust Mid Cap Core AlphaDEX® Fund (FNX)
Investment Objective/Strategy - The First Trust Mid Cap Core AlphaDEX® Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Nasdaq AlphaDEX® Mid Cap Core Index.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • The Index is an "enhanced" index created and administered by Nasdaq, Inc. ("Nasdaq") which employs the AlphaDEX® stock selection methodology to select stocks from the Nasdaq US 600 Mid Cap Index that meet certain criteria.
  • Nasdaq constructs the Index by ranking the eligible stocks from the Nasdaq US 600 Mid Cap Index on growth factors including 3-, 6- and 12- month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. All stocks are ranked on the sum of ranks for the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all growth and/or value factors to receive a rank for that style.
  • Each stock receives either its growth or value score as its selection score based on its style designation as determined by Nasdaq.
  • The top 450 stocks based on the selection score determined in the previous step comprise the "selected stocks". The selected stocks are divided into quintiles based on their rankings and the top ranked quintiles receive a higher weight within the index. The stocks are equally-weighted within each quintile.
  • The Index is reconstituted and rebalanced quarterly.
Fund Overview
Fund TypeMid Cap Core
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End07/31
Inception Price$30.00
Inception NAV$30.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.59%
Net Expense Ratio*0.59%
* As of 12/1/2021
Expenses are capped contractually at 0.70% per year, at least through November 30, 2022.
Current Fund Data (as of 9/29/2022)
Closing NAV1$80.67
Closing Market Price2$80.58
Bid/Ask Midpoint$80.67
Bid/Ask Discount0.01%
30-Day Median Bid/Ask Spread30.10%
Total Net Assets$859,166,209
Outstanding Shares10,650,002
Daily Volume20,197
Average 30-Day Daily Volume28,954
Closing Market Price 52-Week High/Low$107.12 / $80.01
Closing NAV 52-Week High/Low$107.09 / $79.91
Number of Holdings (excluding cash)450
Top Holdings (as of 9/29/2022)*
Holding Percent
Foot Locker, Inc. 0.50%
H&R Block, Inc. 0.47%
BJ's Wholesale Club Holdings, Inc. 0.46%
Dillard's, Inc. (Class A) 0.46%
Murphy USA Inc. 0.46%
Carlisle Companies Incorporated 0.45%
Murphy Oil Corporation 0.45%
EQT Corporation 0.44%
First Solar, Inc. 0.44%
Option Care Health, Inc. 0.44%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Distribution Information
Dividend per Share Amt (as of 9/30/2022)4$0.2984
30-Day SEC Yield (as of 8/31/2022)51.36%
Unsubsidized 30-Day SEC Yield (as of 8/31/2022)61.36%
12-Month Distribution Rate (as of 8/31/2022)71.28%
Index Yield (as of 8/31/2022)81.97%
Fund Characteristics (as of 8/31/2022)10
Maximum Market Cap.$17,684
Median Market Cap.$5,833
Minimum Market Cap.$1,907
Price/Cash Flow6.36
Bid/Ask Premium/Discount (as of 9/29/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 174 18 22 21
Days Traded at Discount 78 44 40 42
Top Sector Exposure (as of 9/29/2022)
Industrials 18.18%
Financials 17.93%
Consumer Discretionary 17.36%
Information Technology 9.28%
Health Care 8.34%
Materials 7.00%
Energy 6.64%
Real Estate 4.72%
Utilities 4.12%
Consumer Staples 3.92%
Communication Services 2.51%
Hypothetical Growth of $10,000 Since Inception (as of 9/29/2022) *